** Trading opportunity **
On the above 8-day chart price action has corrected 95% since April 2021. A number of reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Regular bullish divergence. Seven Oscillators print positive divergence with price action over the last 3 to 4 months.
3) Support and resistance, price is on strong historical support, look left.
Is it possible price action continues to correct? Yes.
Is it probable? No.
Ww
Type: trade
Risk: <= 6%
Timeframe: Act now
Return: 50x
On the above 8-day chart price action has corrected 95% since April 2021. A number of reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Regular bullish divergence. Seven Oscillators print positive divergence with price action over the last 3 to 4 months.
3) Support and resistance, price is on strong historical support, look left.
Is it possible price action continues to correct? Yes.
Is it probable? No.
Ww
Type: trade
Risk: <= 6%
Timeframe: Act now
Return: 50x
Trade active
nudge nudge wink winkNote
on supportTrade active
A good moment.Trade active
2-day GRM confirmationNote
nudge nudgeTrade active
Order cancelled
Should the $1 support fail it is straight to 30 cents for the next. Would wait for confirmation of support on the dollar area for a week before adding to existing longs.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.